Cairn has slashed its planned capital expenditure (capex) by 60 per cent to $500 million against the earlier $1.2 billion.
Ahead of VK Sasikala's return to Tamil Nadu on February 8, there are some important questions facing her. One, does she carry electoral weight more now than her brainchild AMMK had in the 2019 LS polls? Two, can she retain or build upon the five per cent vote-share from that time? And finally, is there space for Sasikala to retrieve, first within the AIADMK and then across the state, says N Sathiya Moorthy.
While capital appreciation is better, paying regular dividend indicates that the company is making profits and is rewarding investors.
'For the Tamil Nadu protestors to openly ask popular film actor Vijay Sethupathi not to don Murali in 800 is a travesty in every sense. It may have given them a cause to tell the world, and the governments in New Delhi, Colombo and Chennai, that the Sri Lankan ethnic issue was still alive in the state -- more so, during the current run-up to two major events in the first half of 2021,' says N Sathiya Moorthy.
Import alert on Ranbaxy's Mohali unit; Strides' injectible arm gets warning letter
Nescaf is leading the company's efforts to widen the public lens on its portfolio of brands
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
D-Street is hoping RBI policy review meeting on Tuesday will uphold its stand on easing of interest rates
Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
'The much-awaited decision could be a welcome change at a time when the Indian armed forces are crying for self-reliance and the defence industry is looking forward to more indigenisation,' notes Nitin A Gokhale.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
23 Nifty companies reported an annual decline in net profit.
'The Olympics postponement may not be a political body blow to Abe Shinzo, but it is no denying that the economic cost of the postponement of the Games will be heavy for Japan,' observes Dr Rajaram Panda.
Lenovo, Xiaomi, Vivo, Gionee lead the onslaught, beating Indian and global brands with smart deals and astute image management measures.
The trip was more about understanding the Indian market, but was also about signaling to the world that Apple has arrived in India
Possibly for the first time since Prime Minister Indira Gandhi called upon the nation to donate/sacrifice for the 'Bangladesh war' efforts, and also suffer blackout at nights with patience and pride, has the nation reacted so very positively to the government's diktat, says N Sathiya Moorthy.
The sector is witnessing weak tendering.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Faced with stricter recall & testing norms, industry puts up a brave face, saying recalls improve consumer confidence
It is betting on enterprise services and new launches to revive demand. But are the measures enough to steal a march on established players like Samsung and Micromax?
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
Russia's central bank early on Tuesday raised interest rates to 17 per cent to counter the 50 per cent rouble fall in six months.
China is worried about the situation post the Dalai Lama and that his reincarnation could surface in Arunchal Pradesh, a region it claims as its own, but which is part of the Indian Republic, says former RA&W Additional Secretary Jayadeva Ranade.
Saima Hasan, founder and chief executive officer of Roshni Academy that works to empower girls from government schools in New Delhi and surrounding areas to achieve their full potential in college, jobs and life in general, tells P Rajendran what drew her to help poor girls.
Among the top five vendors, Micromax (18 per cent) and Lava (54 per cent) were the only ones to have outstripped the market growth.
"They would say, 'Look at these modern women. If someone puts a hand on their shoulder, they cry sexual harassment'. I became the butt of everybody's jokes." Read on to find out more
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
The truce, even if it is not permanence peace, will come under stress and test during the pending polls to rural local bodies in nine revenue districts and urban polls across the state, including those for 16 municipal corporations, starting with Chennai, the oldest and largest, says N Sathiya Moorthy.
Indian companies struggle to escape debt burden as profit slows.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
V P Duraisamy's exit will in no way upset the poll scene in western Tamil Nadu, says N Sathiya Moorthy.
If Vijaykanth and his party stole the media thunder, which lingered in the viewers' mind even while watching Prime Minister Modi's thunderous campaign speech, the latter suffered also owing to visible 'disconnects', says N Sathiya Moorthy.
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
Loses notional value by 37.5% because of markdowns by investors
In a major sign of transformation of manufacturing-dominated Chinese economy, annual output of its service sector may exceed that of the manufacturing sector for the first time ever in 2013, an expert said.
Modi's visit is aimed at commemorating 25 years of establishment of diplomatic ties between the two countries.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
